All posts tagged home ownership

Historically low interest rates likely will haunt the U.S. housing market by deterring homeowners from selling in future years after rates rise, housing economists say.

Economists theorize that, in the so-called rate lockdown effect, homeowners that landed mortgages in recent years with rates 3.5% to 4% might be reluctant to sell their homes in the coming years, which would cause them to forfeit the rock-bottom rates on their existing mortgages. Rates for 30-year, fixed-rate mortgages, now at 4.2%, are widely forecast to reach 5% by next year. Read More »

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